Purple v Halifax

[purplerain]

Hi all, Just a quick post to let you know how its going Friday the 8th September ordered the last 6 years of statement, which to my surprise:o arrived yesterday 14th September. So today been through them and found £325.00 of charges, filled in my spread sheet and sorting out the 14 day letter. Does anyone know if I add the 8% interest to the total I am asking for?

 

Thanks Purple X

[neilbass]

Hi Purple.

 

Don't add the 8% interest until you are at the Moneyclaim stage. Check out the Step by Step instructions in the FAQs section (or the Notes on the advanced interest calculator spreadsheet) if you aren't sure.

[neilbass]

Well done on the statements by the way!! (took me 2 months to get them!)

[purplerain]

Quick up date.

Hand delivered prelim letter Fri 15th Sep, the casher girl refused to give me a receipt and fetched the manager. Who after reading letter said "a standard response would be sent out." Before leaving the bank I let the manager know that if I had not received a letter by Mon 18th Sep then I would resend the prelim letter via recorded post.

Sat 16th Sep standard response received

(sorry your unhappy and your letter has been forwarded to our complaints department).

So the 14 days are ticking.

That's me all up to date will keep you informed

Purple

[MARTIN3030]

Well done prepare for the Lba.......

[purplerain]

Good Morning all,

Received letter today making me an offer, not the full amount. I've only sent the prelim letter so a bit unsure what to do next. My LBA dose not go out for another 7 days.

1. Do I ignore the letter and just send the LBA in 7 days time? Or

2. Do I accept as part settlement via letter and then still send the LBA in 7 days.

If I accept as part settlement is the letter below ok to send. It's from the templates, but I've had to edit it a little.

Response to settlement offer.

 

Dear [named sender or Sirs]

Thank you for your letter dated xx/xx/xx

I respectfully decline your offer of settlement and request, once again, that you return to me all charges imposed on this account, totalling £xxxx

 

I will accept the sum offered only as part settlement and on the clear understanding that I will pursue recovery of the remainder, with a County Court claim if necessary.

 

My letter sent previously indicates that you have until xx/xx/xx to respond. You are reminded that there will be no extension to this timescale.

 

I trust this clarifies my position.

 

 

Yours faithfully

[signature]

[print name]

Any help please.

Thanks Purple:)

[MARTIN3030]

Send the letter and carry on with the claim.

[purplerain]

After doing more reading on (compounded contractual Interest) and what people are doing now thinking of sending this letter.

Anyone got any advice??

 

 

Response to settlement offer.

 

Dear XXXXXXXX

 

Thank you for your letter dated XX/XX/XX

I respectfully decline your offer of settlement and request, once again that you return to me all charges imposed on this account, totalling £XXX.XX and further, I also claim compounded contractual interest at a rate of XXX% AER. I believe this rate to be justified under the principle of mutuality and reciprocity, and is based on your Unauthorised Overdraft interest rate that would be applied under the terms of the above mentioned account.

 

I will accept the sum offered only as part settlement and on the clear understanding that I will pursue recovery of the remainder, with a County Court claim if necessary.

 

My letter sent previously indicates that you have until XX/XX/XX to respond.

 

I trust this clarifies my position.

 

 

Yours faithfully

 

Thank you Purple

[MARTIN3030]

No reason why not,but you must make it clear from the beginning that you are claiming this.

 

Lots of reading about this on the site...as well as contractual interest.

[purplerain]

Does that mean i should send out another prelim letter?

 

Thanks Purple:)

[MARTIN3030]

Yes it does really.........best to play safe......you are fortunate that you only just started.

 

It will be well worth it tho

[purplerain]

Can any one advise on the suitability of this letter being sent as a revised prelim letter now i've discovered compounded contractual interest. my first letter was sent 15/09/06. Obviously, i will enclose a revised statement of charges and i am giving them an extra 14 days before i send an LBA.

Response to settlement offer.

 

Dear XXXXXXX

 

Thank you for your letter dated xx/xx/xx I respectfully decline your offer of settlement and request, once again that you return to me all charges imposed on this account, totalling £xxx.xx, and further, I also claim compounded contractual interest at a rate of 28.8% AER. I believe this rate to be justified under the principle of mutuality and reciprocity, and is based on your Unauthorised Overdraft interest rate that would be applied under the terms of the above mentioned account.

 

I will accept the sum offered only as part settlement and on the clear understanding that I will pursue recovery of the remainder, with a County Court claim if necessary.

 

My letter sent previously indicates that you have until xx/xx/xx to respond. However, due to the revision of my calculations, I will extend this timeframe for a further 14 days.

 

I trust this clarifies my position.

 

 

Yours faithfully

 

Thanks Purple

[Kizzyella]

Bump

[purplerain]

Just to keep every one up to date 26/9/06 sent out a refusal of offer with a new prelim letter, stating that I am now claiming compound contractual interest.

It's worth a try;)

Received a letter back on 28/09/06 (As a gesture of good-will I offered to refund 6 months (blar blar blar) which you refused to accept. (blar blar blar) we are not prepared to refund all of the charges that you have incurred on your account over the last 6 years.)

Lets see what happens.

Purple

[MARTIN3030]

Yes a smart move

Well done;)

[purplerain]

Halifax seem to have gone very quiet since my last letter stating that I'm claiming compound contractual interest:confused: . Oh well just need to wait a few more days before I send the LBA, see if that gets things moving.

Purple X:)

[aardvark the lecturer]

I'm really tempted to go contractual interest on my other Halifax account, too late to do it on the current claim as it's already at MCOL.

 

Can't wait to see what there response to you is!

 

Good Luck!

[purplerain]

The way I look at it is. That I have nothing to lose by trying. The money they have taken in charges is already lost to me, so even if I just end up getting that back it would be great anything more is a bonus.

(They've done it to us for years) now the worm as turned:eek:

Purple X

[MARTIN3030]

I'm really tempted to go contractual interest on my other Halifax account, too late to do it on the current claim as it's already at MCOL.

 

Can't wait to see what there response to you is!

 

Good Luck!

 

 

There are huge benefits.......but the most obvious one is the extra money which could double the claim.

N1 tho for this......which is well worth thinking about.

[aardvark the lecturer]

N1 tho for this......which is well worth thinking about.

 

Apart from not being as convenient, are there any other disadvantages to N1 that I haven't thought of?

[purplerain]

Morning all, 14days up on Wednesday:D (woohoo) so today been getting my LBA sorted. It's printed along with schedule of charges in the envelope ready to go.

 

(It's great to be organised for once)

 

Purple X

[aardvark the lecturer]

Good Luck,

out of interest, and without wanting to pry, did the contractual interest make a big difference?

[purplerain]

Don't think your prying at all, thats what this site is all about sharing info and helping each other out.

On the Lloyds TSB account yes, because the charges were from 2001 to 2002 with the Halifax not so much so as the charges are more recent.

Purple X:)

[aardvark the lecturer]

Thanks Purple X,

 

I'm definately intending now to apply this to my future claims and will watch their responces to this with great interest (groan, how many times has that pun been used now:D )

 

Aardvark

[purplerain]

LBA posted today. So lets see what this brings

Purple X:)